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PRESS RELEASE


O’Malley’s Glass-Steagall Offensive Is Unspoken Reason: Wall Street Thugs Meet To Punish Democrats

March 27, 2015 (EIRNS)—The thugs of Wall Street—Citigroup, JPMorgan, Goldman Sachs, and Bank of America—have been spotted holding secret meetings in Washington to plot out a campaign against the Democrats in the Senate who criticize Wall Street, reported Reuters today. The article talks about bankers’ fears of Elizabeth Warren and Ohio Sen. Sherrod Brown, because they talk about breaking up "too big to fail" banks; but their real target is clearly Democratic Presidential candidate Martin O’Malley and his drive for Glass-Steagall—which is never mentioned. Only a week ago, the same media that have picked up on the Reuters story were focussed on O’Malley, whose speeches, interviews, and fiery op-ed pushing Glass-Steagall grabbed headlines.

According to Reuters, today some of these banks "have discussed withholding campaign donations to Senate Democrats in symbolic protest," but bank officials claimed that the withholding of funds "was not discussed at a meeting of the four banks in Washington," but rather only "one-on-one conversations between representatives of some of them." Reuters also renders a sleight-of-hand, saying that the threatened amount of "non-contributions" is limited by federal law to only $15,000 per bank; but that doesn’t count the individuals from the firms contributing, which can add up to hundreds of thousands for election coffers.

Reuters’ details about the Big Four’s Washington meeting last week are slim, but LaRouche PAC has reported extensively on JPMorgan’s personal interventions against Glass-Steagall. The thugs’ methodology is well-known, and is now out in the open.